Broadgate has together with Fastator entered into agreement to establish a new joint venture real estate company. Fastator is an investment company specialized in the real-estate sector, the company’s shares are listed on Nasdaq First North Stockholm.
The joint venture has entered into agreement of acquiring properties in Västerås and Umeå with a combined portfolio value of SEK 357 million. The properties have a total lettable area of approx. 35,000 sqm and total rental income of circa SEK 30 million.
“We are very happy to establish this new joint venture together with Fastator and we look forward growing this portfolio together. We have a strong pipeline and hope to share new deals in the near future” says Richard Wollter, CEO Broadgate Asset Management.